More than 600 US companies warn Trump against the devastating effects of the trade war with China

The corporate letter to Trump is part of a campaign against rate increases that has been launched by more than 150 badociations from various economic sectors in the United States, including the retail sector, the United States. industry, technology and agriculture.

The letter is signed by 661 entities: 141 professional badociations and 520 companies, including retail chains Walmart and Costco, and fashion companies Levi Strauss and Gap.

The signatories made this decision before the US imposed additional tariffs of 25% on China valued at $ 300,000 million, of which 60% is consumer goods.

The letter states that the imposition of new tariffs will have "a significant, negative and long-term impact on the US economy, businesses and families".

According to the signatories, Rates "are not an effective tool" to change China's "unfair trade practices" because they fall directly into the hands of US companies.

Businesses and badociations are asking the executive to return to the negotiating table and work with their American allies to find realistic solutions. "An escalation of the trade war does not interest our country and will harm both parties," the letter says.

Proponents of the initiative believe that an additional increase in rates, in addition to those already applied, would imply the loss of more than 2 million jobs and a reduction of about 1% in the gross domestic product (GDP) of the United States. In addition, it would cost an average of $ 2,000 per family.

On May 20, a group of more than 170 companies, including multinationals Nike and Adidas, asked Trump to eliminate shoes from the list of Chinese products whose imports could be affected by 25 tariffs. %.